Dubai Sets a New Global Milestone By Completing Its Second Tokenised Property Sale In Under 2 Minutes
Key Highlights
The Dubai Land Department (DLD), through its PRYPCO Mint platform, launched a tokenised one-bedroom apartment in Kensington Waters, Mohammed Bin Rashid (MBR) City. Priced at AED 1.5 million, below its appraised value of AED 1.875 million, the property was made available for fractional investment starting at AED 2,000.
The initiative saw exceptional interest, with 149 investors from 35 countries acquiring all tokens in under two minutes. Meanwhile, over 10,700 individuals joined the waitlist
Summary Snapshot
Feature
Time to Sell
Number of Investors
Waitlist Size
Property Price
Minimum Investment
2033 Vision
Metric
1 minute and 58 seconds
149 participants from 35 countries
More than 10,700 applicants
AED 1.5 million
AED 2,000
To establish tokenised real estate as a mainstream model in Dubai
Significance of the Milestone
● Record-Breaking Demand
This sale set a new global standard for tokenised property transactions, completing in under two minutes, significantly faster than Dubai’s first tokenised offering, which took 24 hours to sell out.
● Worldwide Investor Interest
The involvement of investors from 35 different countries reflects Dubai’s rising status as a global hub for digital property investment.
● Robust Regulatory Framework
The project operates under a comprehensive regulatory structure co-developed by the Dubai Land Department, VARA, the UAE Central Bank, and the Dubai Future Foundation. It leverages blockchain infrastructure built on the XRP Ledger.
● Enhanced Accessibility and Liquidity
By allowing fractional investments starting from AED 2,000, the initiative makes high-value real estate accessible to a wider audience and supports the creation of a liquid secondary market—an evolution from conventional property models.
● Vision for the Future
With this success, Dubai is actively paving the way for tokenised real estate to become a mainstream segment of its property market by 2033.
Looking Ahead
Dubai’s journey into tokenised real estate began in May 2025 with the launch of its first property, a two-bedroom unit in Business Bay, which sold out in under 24 hours. That offering drew 224 investors from more than 40 countries, with the average contribution per investor around AED 10,714.
What’s Next PRYPCO Mint is gearing up to release additional tokenised properties. Interested investors are advised to pre-register and complete account verification to secure early access to upcoming opportunities.
